ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ipcc law preparation

Preeti (Article Assistant) (58 Points)

05 January 2010  

how to go abt doin law preparation for d ipcc xam??are sections and case studies so important for may atempt???


 19 Replies

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 06 January 2010

SOME PRESENTATION SKILL FOR WRITING PROFESSIONAL EXAMINATIONS

 

As we all know presentation plays a very important role in fetching high marks especially in CA Exam. You may use the following tips which I have observed during my study and used in my CS and CA exams:

 

1.         In practical problems never start your answer with Yes or No unless you are 100% sure. First mention the relevant provision and show in your answer how you reach the conclusion. In the end conclude your answer in the following manner : “On the basis of above discussion we can conclude that as per the Section-166 Annual General Meeting can not be convened on a public holiday.”  (Consider this as an example).

 

On the contrary if you are 100% sure from the very beginning always start your answer with Yes or No. Like in the above problem it is very much sure that AGM can not be held on a public holiday.

 

2.                  Try and always mention the relevant section. Make it a habit. Do not ask anybody regarding the importance of remembering a section. If you make it a habit now it will 100% pay at the time of your final preparation.

 

3.                  In distinctive question never segregate 2 provisions with the help of a line.

 

For example: Distinguish between Fixed and Floating Charge

Mention the distinction in the following way:

(i)                 Fixed charge is created in the specific property on the other hand floating charge is created on the class of property.

(ii)               Fixed charge clutch the property whereas floating charge floats over the property.

 

Conclusion: You should use “on the other hand” OR “whereas” to club two different provisions.

 

4.         Use only Blue and Black Pen to write. Never use any other colour otherwise wastage of time and bed impression on teacher.

 

5.         You may underline the relevant provision or any substantial provision.

 

6.         Start your answer from a new page with the heading “Answer to Question No. 1/2/3 or 10”

 

7.         Try and improve your recalling power. When you firs see the question the entire answer should be in your mind. (Yes it is 100% possible). Benefit: You’ll be able to complete your answer with more valuable content as compare to others and very quickly & within a certain time frame. When other writes 5-6 points you write at least 8-10 points.

 

8.         In theory paper never read practical problems first. First attempt flat questions. Like in Audit or Law first attempt short notes or distinctions etc.

Reason for not attempting the practical problems first is that in the beginning you have enough time to read it twice or thrice and waste your time.

 

9.         If you mention any case law highlight it properly. Write it in the following way:

                          Ram Singh

                               Vs.

                       Union of India

 

10.       In distinction problems first write something (2-3 lines) about the topic. Example: Like in the distinction between Interim and Final Dividend write some about Interim and Final Dividend and mention in the end: “hence the points of distinction between Interim and Final Dividend are as follows”    

 

11.       If in a passage there are various points try and write them separately in points and give them separate number.

 

12.       In exam never use short forms like AGM, EGM, CG, CLB, ROC, ICSI, ICAI, SAP, AS.

Etc.

 

13.       When you start your answer by using a section use like this:

            “As per Section-171 of the Companies Act, 1956”  

 

14.       Do not worry you may start your paper by answering question No. 10 first.

 

15.       You may experiment all these points in your university exams or rather I would say you should use university exams to improve your writing skills.

 

16.       I have seen many students after receiving their exam copy start making margins with their scale on the left side of the exam copy. This is some thing really horrible. Avoid it.

 

17.       While writing be specific about your answer. In other words write your answer to the point. (Faltu copy bharna baker hai professional exams mai)

 

18.       Try and make an effort to complete your paper 100%. In other words attempt full paper of 100 marks. This is very important for fetching more marks.

 

19.       Try and avoid cutting of words. (See the example below)

 

Whenever a company fails to file the  annual accounts and annual returns, desc -ribed in sub-clause (A) of clause (g) of sub-section (1) of section 274, persons who are directors on the last due date for filing the annual accounts and the annual returns for any continuous three financial years commencing on and after the first day of April, 1999, shall be disqualified.

 

Observe the first line of the Para above and see the word described. Half the word is in first line and half is in second line. This is some thing very poor as far as professional exams are concerned. So avoid it.

 

20.       During your preparation try and study everything. Everything here means each and every topic. The basic idea behind this point is that you must have something relevant to write about the given topic.

 

For example a short note came in the paper regarding “Reserve Capital” u/s 99 of Companies Act, 1956 if you have never ever heard about Reserve Capital then you’ll be completely blank. So to avoid such situation this point may be prove helpful to you all.

 

9 Like

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 06 January 2010

Tips to deal with theory paper: Audit and Law

 

Please find below some tips to deal with theory paper like Audit and Law. Hope this Article would be off some help in your Exam preparation:

 

1.   First of all figure out the length of your course content and prepare yourself mentally.

2.   Use Scanner from the very beginning. It helps you to recognize which chapter is to be given preference.

3.   Prepare a list of Chapter wise frequently asked questions from the Scanner and prepare them properly.

4.   Above 3 exercise surly help you a lot when you give first reading to your book or during your coaching.

5.   Try and develop a sense to figure out excess study material from the exam point of view and cross that material immediately in your book. Study Material provided by the institute is not updated most of the times and full of totally irrelevant material/theory.

6.   If you have time prepare notes only for important topics along with frequently asked question’s solution.

7.   In Exams don’t write your answer in paragraphs. Try and mention it in point wise details with relevant section and case laws.

8.   Use of Sections: As per my opinion you shouldn’t ask anybody about the relevance of quoting sections in Exams. It is off course extremely useful in law subjects especially in CA Exams. Try and quote section in your exams without any hesitation. Prepare a special strategy for remembering sections. If you make it a habit now it will 100% pay at the time of your final preparation.

9.   You may also mention Registrar of Companies E-forms while writing your answer in Examinations.

For example if you are answering the question “Transfer of Registered Office of a Company with in city”. You, after mentioning the procedure of transfer, may also mention that Company is required to file form 18 with Registrar of Companies with in 30 days of passing the Resolution in Board Meeting.

10. Very Important Revision Tips: What you prepare on Monday try and recall it on Tuesday without using books. If you are able to recall 60%-70%, then you are 100% going to succeed in this examination. Again try to recall the same after the gap of 2-3 days.

11.  Use abbreviation method. If you have 10 points to remember in a question give them a certain abbreviation and remember that abbreviation. See the example below:

In section 293 of Companies Act, 1956 there are 5 clauses from (a) to (e). My abbreviation to remember these 5 clauses is “SRIBC”. S=Sell/R=Remit/I=Invest/B=Borrow/C=Contribute. Have a look at Section-293 and verify yourself.

12.  Strategy/technique to prepare Section in Company Law: 1. First read the Section from Bare Act as bare act contain the pure law passed by legislature. 2. Then read the same section from your law book (Munish Bhandari). 3. Now it is the turn of your coaching notes. Read them thoroughly. 4. Now read all the previous exam problems based on that particular section from book.

If you follow the above 4 points carefully and honestly then you may consider your section finished for life. Believe me and try this method.

13. ATLAS STUDY METHOD: This method is completely developed and named by me and is extremely helpful for fetching good marks. ATLAS STANDS FOR “AT LAST”. There are always some questions, formulas, Sections and case laws which we simply fail to recall in exam hall. According to this method if you find anything very difficult to remember then after preparing the same topic once or twice put it in the ATLAS. Keep putting difficult topics in ATLAS till exam date. There would be a different ATLAS for law, audit, accounts etc. Now 1.5 hour before leaving your home for examination hall open ATLAS question list and revise it properly or give it a special reading. Now if you find any question from ATLAS in the exam paper it would be very easy for you to answer as you specially revise it just 2-3 hours back and your confidence level will automatically increase in the beginning of exam. What say???

14. Keep review your ATLAS list and modify it accordingly. If initially you put any question in ATLAS and now you are confident enough about that particular question you can remove that question from ATLAS. Don’t put easy and non important questions in ATLAS as this concept is for revising extra-ordinary important questions just 2-3 hours before examination. If you need any help understanding this method please let me know.

15. Don’t play with the language of law specially Definitions. It is strongly recommended to put the definition in the exact language. However you can take slight liberty while drafting your answer in respect of other law language but the context, texture, interpretation and meaning should not be changed.

16. Query Notebook: Keep a query diary with you during study time and note your queries in this diary and resolve them same day or next day. Do not keep your query unresolved. You may also take reference of this diary later during exam time. Also mention the answer of your query in the query diary.

17.  Work out on your presentation skills. You may ask your query regarding presentation skills. Also check my Article on presentation skills.

18.  Remember you can use the preparation of Company Law in your Audit paper. Company Audit –II chapter is based on the company law like Audit of share capital, share transfer and dividend Audit. Also use same law writing skills in your Audit paper.

19. Don’t use different notes for one topic. Finalise your notes before starting final Examination preparation and stick with them.   

20.  10 Days before examination date do not add any new topic in your schedule. Just focus on revision-revision and revision.

21.  In Theory papers length of answer plays an important role due to time factor. Regarding this you may take reference from suggested answers provided by ICAI. Write your answer according to the marks allocated.

22.  Always prepare latest case laws as many times practical problems are based on recent case laws.

23.  Your Health: Take very good care of your health. Consider your health as a subject. Remember if you fail to perform well in this subject you are going to fail.

24.  Plan your answer: Your exam preparation should be such that when you first see the question the entire answer should be in your mind. It will help you to plan the length of your answer according to the availability of time.

25.  Time saving method: As per my opinion in theory paper you should attempt flat questions first. After that attempt practical problems. Like in Audit or Law first attempt short notes or distinctions etc. In the beginning if you attempt practical problems first then there may be wastage of time in reading the problem twice or thrice.

26.  Complete your paper: Try and make an effort to complete your paper 100%. In other words attempt full paper of 100 marks. You may cut the length of your answer in the end as per the availability of time.

27. Make Point & give heading: In other words write your answer to the point. Try and convert the paragraphs in to points and give them a heading like I am giving in this Article. However if during exam you have no time then avoid this practice. But it’s a very good technique of theory presentation.

28. Presentation Skills: Don’t forget to read my Article on presentation skills along with this Article.

 

 

4 Like

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 06 January 2010

Tips to deal with practical paper: Account & Cost

 

Please find below some tips to deal with practical paper like Account & Cost etc. Hope this Article would be off some help in your Exam preparation:

 

  1. After receiving the paper in your hand give it a quick look and decide the question you are going to attempt first. Also decide the question you are going to attempt last. I urge you to consider this point very important for a good start of your exam.

 

  1. Allocate a fix time for each question. After allocation it is your duty to finish the question with in the given time limit.

 

  1. As per my understanding presentation of theory always plays an important role whether it is theory (Law & Audit) paper or numerical (Account, cost etc.) paper. So keep your examination copy neat and clean without any cutting.

 

  1. In the beginning don’t read all the questions carefully as in the beginning you have enough time to read it twice or thrice. Read the second question carefully only after solving the first question as decided by you in accordance with point No. 1 of this Article.

 

  1. Super Suggestion-1: When you give first reading to a lengthy question – Note down all the amount/figures given in the question separately. Two benefit of this exercise are:

i)                    When you solve the question you don’t have to search the amount/figure in the lengthy question again and lot of time saved.

ii)                  Chances of missing any point or amount/figure minimize.

 

  1. Don’t change the book again and again. First focus on understanding the concept and then practice the selected book. After solving a particular author’s book solve all the questions of scanner without any help.

 

  1. Super Suggestion-2: This point helps you to deal with lengthy course and improve your revision strategy. Select easy chapters as per your strength and gain tremendous confidence by practicing more & more questions. After gaining enough confidence remove that chapter from your final revision list. Now no need to revise that chapter during final revision and be confident about that chapter.

 

  1. Super Suggestion-3: After completing one practical chapter select some landmark question from that chapter which covers almost all technicalities and adjustments of that chapter. Revise this selected question during final revision to recall whole chapter.

You may also put this question in ATLAS. [For ATLAS technique refer my previous Article]

 

  1. Compulsory Question: Prepare special strategy for C.Q. Give a quick reading to C.Q. if you are comfortable with the adjustments given in C.Q. then only attempt C.Q. otherwise attempt other small questions. If you attempt C.Q. without any strategy and lost in the middle of question then “confidence ki to watt lag jayagi mamu”. So be careful.

 

  1. Cost Accounting: First understand cost accounting is a conceptual paper. You can not succeed in cost account without understanding the concept. So work very hard to make your concepts crystal clear.

 

  1. For preparation of cost account first understand the concept from study by practicing study material questions. After that practice scanner and compilation questions.

 

  1. Operation Research: In O.R. paper my first advice would be workout on your mathematical concepts as mathematical skills are really required to excel in O.R. Paper.

 

  1. In O.R. paper practice of ample number of numerical questions is very much required. So after understanding the concept practice more and more questions first from study and scanner and then from any recommended book.

 

  1. Prepare yourself mentally to solve a lengthy question paper. Use scanner to understand the question paper pattern and prepare yourself a strategy to deal with it.

 

  1. Theory Part: In practical paper also theory paper plays an important role. As per my advice prepare your theory notes yourself well in advance including the answers of frequently asked questions. This process helps you to understand the concept and save your time to search theory part here & there at the exam time. However if you got some really good notes you may use them.

 

  1. Importance of Module Questions: As per my suggestion also practice the questions given in the study material provided by ICAI especially when you opt self study. However if you are taking professional coaching then you may avoid study material questions as normally notes provided in private coaching includes study material questions.

 

  1. While attempting theory questions give ‘to the point’ answers. Excess theory may waste your time and spoil your exam.

 

  1. Super Suggestion-4: Use one pen: In exam hall use only one pen. Use of this practice will save at-least 4-5 minutes i.e. time equal to write a short note. Hope you can understand the importance of this point.

 

  1. Underline relevant point: You may underline the relevant point by using the same colour pen. Don’t use highlighter in the exam.

 

  1. Working Note: Use working note method to improve presentation of your question. Whenever you use calculated figure in the question always mention working note no. in the bracket. For example working note no. 1 or 2 and so on.

 

  1. Continue your question as per your concept and assumptions. Never try to match your answer with anybody else.

 

  1. While solving practical questions full focus and concentration is required. So you have to be very calm and cool during your exam. Never make hurry when you are in the middle of a question. It may spoil your question.

 

  1. Query Notebook: Keep a query diary with you during study time and note your queries in this diary and resolve them same day or next day. Do not keep your query unresolved. Don’t forget to mention answer of your query in the query diary.

 

  1. Complete your paper: Try and make an effort to complete your paper 100%. In other words attempt full paper of 100 marks to fetch some extra marks.

 

  1. If any numerical question is completely out of your reach or in case you fail to understand the adjustments given in the question then leave that question immediately and move ahead. Attempt this question in the end.

 

  1. If this is your second attempt then finish revision of your first book as early as possible. Later on add a new book to practice more numerical questions.

 

  1. Have a one hour group discussion with your friends regarding selected exam oriented important topic. Discuss all the theoretical and practical aspects about that selected topic. 

 

  1. Don’t use different notes rather I would suggest select your notes before starting final Examination preparation and stick with them. 10 Days before exam stop adding new topics in your schedule. Just follow your revision schedule strictly.

 

  1. Take care of your Health: Take very good care of your health. Consider your health as a subject. Remember if you fail to perform well in this subject you are going to fail.

 

  1. In the end just believe in yourself and your hard work and most importantly believe in God.

 

Thanks & Regards,

4 Like

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 06 January 2010

Some Exam Preparation Tips

 

  1. Figure out your mistake committed in the previous Examination and promise yourself to avoid them in your next exam.

 

  1. Focus on your Study and Goal.

 

  1. Try and complete your Scanner with the help of suggested answers of previous examinations.

 

  1. Plan your revision schedule as early as possible and follow the same honestly and keep reviewing it and make necessary changes as and when necessary.

 

  1. Invest your time in Exam oriented discussion. There are two advantage of this activity:

i.        You may discuss your problems in such discussions and resolve them.

ii.      These discussions will also help you to focus on your goal.

 

  1. Work out on your presentation skills. You may post your query regarding presentation skills. Also check my Article on presentation skills.

 

  1. In examination hall length of answer plays an important role due to time factor. Regarding this you may take reference from suggested answers provided by ICAI.

 

  1. Mental strength is very important. So prepare yourself mentally and physically for Examination cum War.

 

  1. Very Important Revision Tips: What you prepare on Monday try and recall it on Tuesday without using books. If you are able to recall 60%-70%, then you are 100% going to succeed in this examination. Again try to recall the same after the gap of 2-3 days.

 

  1. Use abbreviation method. If you have 10 points to remember in a question give them a certain abbreviation and remember that abbreviation. See the example below:

In section 293 of Companies Act, 1956 there are 5 clauses from (a) to (e). My abbreviation to remember these 5 clauses is “SRIBC”. S=Sell/R=Remit/I=Invest/B=Borrow/C=Contribute. Have a look at Section-293 and verify yourself.

 

  1. Stay away from Time wasting and unproductive habits. At least during exam times.

 

  1. Prepare a list of questions which you consider tuff or a bit time consuming. Prepare a handout yourself with solution of these questions and give them a reading on regularly basis with a time gap of 2-3 days.

 

  1. Prepare a list of frequently asked questions with the help of Scanner and practice them properly.

 

  1. Give a little bit time to every subject per day.

 

  1. Try and increase your study time day by day.

 

  1.  Ten days before exam do not add any new topic in your schedule. Just focus on revision-revision and revision.

 

  1. Stop collecting different notes per day. Try and figure out the notes which are relevant for you and support your style of study. Only use them for exam purpose.

 

  1. Take very good care of your health. Consider your health as a subject. Remember if you fail to perform well in this subject you are going to fail.

Best Regards

Amit Mittal (Student--CA-PCC) (156 Points)
Replied 06 January 2010

Once again thanks a lot sir

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 06 January 2010

Thanks very much for the appreciation.

4 Like

Preeti (Article Assistant) (58 Points)
Replied 06 January 2010

thank u so much sir...m really thankful to u...dese tips r gonna reallly help me a lot.....thnks...REGARDS..!!

Himanshu Ruiya (student) (22 Points)
Replied 30 August 2010

it found a great help to me to fight the tough examinations 

the tips are truly great 

hariharan (Student) (30 Points)
Replied 05 September 2010

HI, This Is really help full

1 Like

safi ( ) (40 Points)
Replied 03 December 2010

thank you sir , 

surya kumar (Manager-FPNA) (114 Points)
Replied 03 January 2011

thank you very much sir for valuable suggestion!

safi ( ) (40 Points)
Replied 06 January 2011

thank U sir ..

kuch deep jale

vivek saria (student) (28 Points)
Replied 11 February 2011

Thank You Sir.Your guidelines will surely help us students a lot..

shankar raghu (CA student) (28 Points)
Replied 11 March 2011

Thanks a lot sir. your suggestions will surely help us a lot..


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading



Subscribe to the latest topics :
Search Forum:



Trending Tags